3 ms·
I'm curious why are you looking at 2021 specifically? Isn't the whole idea that 2021 was a huge year for every tech company, leading to overhiring, followed up
by ehsankia 4y ago
I'm curious why are you looking at 2021 specifically? Isn't the whole idea that 2021 was a huge year for every tech company, leading to overhiring, followed up by 2022 which was a rough year for every tech company?
They went from $18.9B profit in Q3 2021 to $13.9B in Q3 2022. That's a 36% YOY drop and given todays news, it's fair to assume Q4 was even worse.
- oblio 4y agoWikipedia shows that number. And even if their profits drop, you can't honestly tell me that they will post a loss for 2022 or even 2023. Heck, their profit margin would still be solid.